THE BENEFIT PRACTICE PENSION PLAN 401k Plan overview

THE BENEFIT PRACTICE PENSION PLAN Benefits

401k Sponsoring company profile

Company Name:	THE BENEFIT PRACTICE
Employer identification number (EIN):	134144565
NAIC Classification:	525990
NAIC Description:	Other Financial Vehicles

Form 5500 Filing Information

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2022-01-01	LLOYD KATZ	2023-10-12
003	2021-01-01	LLOYD KATZ	2022-10-16
003	2020-01-01	PETER	2021-10-11
003	2019-01-01	LLOYD KATZ	2020-10-12
003	2018-01-01	PETER	2019-10-14
003	2017-01-01	LLOYD KATZ	2018-10-15
003	2016-01-01	LLOYD KATZ	2017-10-12
003	2015-01-01	PETER M. COLEMAN	2016-10-15
003	2014-01-01	PETER M. COLEMAN	2015-10-14

Plan Statistics for THE BENEFIT PRACTICE PENSION PLAN

Measure	Date	Value
2022: THE BENEFIT PRACTICE PENSION PLAN 2022 401k membership
Market value of plan assets	2022-12-31	4,271,589
Acturial value of plan assets	2022-12-31	4,271,589
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	0
Number of terminated vested participants	2022-12-31	26
Fundng target for terminated vested participants	2022-12-31	28,345
Active participant vested funding target	2022-12-31	3,883,498
Number of active participants	2022-12-31	21
Total funding liabilities for active participants	2022-12-31	3,888,291
Total participant count	2022-12-31	47
Total funding target for all participants	2022-12-31	3,916,636
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	0
Present value of excess contributions	2022-12-31	343,706
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	362,610
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	0
Total employer contributions	2022-12-31	603,318
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	552,765
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	550,744
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	195,791
Additional cash requirement	2022-12-31	195,791
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	552,765
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
2021: THE BENEFIT PRACTICE PENSION PLAN 2021 401k membership
Market value of plan assets	2021-12-31	3,480,068
Acturial value of plan assets	2021-12-31	3,480,068
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	0
Number of terminated vested participants	2021-12-31	16
Fundng target for terminated vested participants	2021-12-31	19,326
Active participant vested funding target	2021-12-31	3,114,067
Number of active participants	2021-12-31	25
Total funding liabilities for active participants	2021-12-31	3,122,068
Total participant count	2021-12-31	41
Total funding target for all participants	2021-12-31	3,141,394
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	0
Present value of excess contributions	2021-12-31	323,541
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	341,336
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	0
Total employer contributions	2021-12-31	542,224
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	500,004
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	494,972
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	156,298
Additional cash requirement	2021-12-31	156,298
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	500,004
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0
2020: THE BENEFIT PRACTICE PENSION PLAN 2020 401k membership
Market value of plan assets	2020-12-31	2,787,914
Acturial value of plan assets	2020-12-31	2,787,914
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	12
Fundng target for terminated vested participants	2020-12-31	7,526
Active participant vested funding target	2020-12-31	2,451,053
Number of active participants	2020-12-31	20
Total funding liabilities for active participants	2020-12-31	2,457,385
Total participant count	2020-12-31	32
Total funding target for all participants	2020-12-31	2,464,911
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	297,381
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	313,737
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	501,472
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	458,242
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	457,704
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	134,701
Additional cash requirement	2020-12-31	134,701
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	458,242
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
2019: THE BENEFIT PRACTICE PENSION PLAN 2019 401k membership
Market value of plan assets	2019-12-31	1,863,176
Acturial value of plan assets	2019-12-31	1,863,176
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	6
Fundng target for terminated vested participants	2019-12-31	2,825
Active participant vested funding target	2019-12-31	1,787,333
Number of active participants	2019-12-31	24
Total funding liabilities for active participants	2019-12-31	1,794,914
Total participant count	2019-12-31	30
Total funding target for all participants	2019-12-31	1,797,739
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	52,934
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	55,845
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	730,000
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	661,086
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	429,142
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	363,705
Additional cash requirement	2019-12-31	363,705
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	661,086
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
2018: THE BENEFIT PRACTICE PENSION PLAN 2018 401k membership
Market value of plan assets	2018-12-31	1,464,865
Acturial value of plan assets	2018-12-31	1,464,865
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	3
Fundng target for terminated vested participants	2018-12-31	1,949
Active participant vested funding target	2018-12-31	1,507,278
Number of active participants	2018-12-31	25
Total funding liabilities for active participants	2018-12-31	1,517,797
Total participant count	2018-12-31	28
Total funding target for all participants	2018-12-31	1,519,746
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	106
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	112
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	502,334
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	465,667
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	403,774
Net shortfall amortization installment of oustanding balance	2018-12-31	54,881
Waiver amortization installment	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	412,733
Additional cash requirement	2018-12-31	412,733
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	465,667
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
2017: THE BENEFIT PRACTICE PENSION PLAN 2017 401k membership
Market value of plan assets	2017-12-31	989,010
Acturial value of plan assets	2017-12-31	989,010
Funding target for retired participants and beneficiaries receiving payment	2017-12-31	0
Number of terminated vested participants	2017-12-31	2
Fundng target for terminated vested participants	2017-12-31	1,526
Active participant vested funding target	2017-12-31	980,798
Number of active participants	2017-12-31	15
Total funding liabilities for active participants	2017-12-31	987,453
Total participant count	2017-12-31	17
Total funding target for all participants	2017-12-31	988,979
Balance at beginning of prior year after applicable adjustments	2017-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-12-31	0
Amount remaining of carryover balance	2017-12-31	0
Amount remaining of prefunding balance	2017-12-31	0
Present value of excess contributions	2017-12-31	62
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-12-31	65
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-12-31	0
Balance of carryovers at beginning of current year	2017-12-31	0
Balance of prefunding at beginning of current year	2017-12-31	0
Total employer contributions	2017-12-31	393,886
Total employee contributions	2017-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-12-31	359,667
Unpaid minimum required contributions for all prior years	2017-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-12-31	0
Remaining amount of unpaid minimum required contributions	2017-12-31	0
Minimum required contributions for current year target normal cost	2017-12-31	359,592
Net shortfall amortization installment of oustanding balance	2017-12-31	0
Waiver amortization installment	2017-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-12-31	359,561
Additional cash requirement	2017-12-31	359,561
Contributions allocatedtoward minimum required contributions for current year	2017-12-31	359,667
Unpaid minimum required contributions for current year	2017-12-31	0
Unpaid minimum required contributions for all years	2017-12-31	0
2016: THE BENEFIT PRACTICE PENSION PLAN 2016 401k membership
Market value of plan assets	2016-12-31	747,100
Acturial value of plan assets	2016-12-31	747,100
Funding target for retired participants and beneficiaries receiving payment	2016-12-31	0
Number of terminated vested participants	2016-12-31	0
Fundng target for terminated vested participants	2016-12-31	0
Active participant vested funding target	2016-12-31	615,706
Number of active participants	2016-12-31	11
Total funding liabilities for active participants	2016-12-31	620,138
Total participant count	2016-12-31	11
Total funding target for all participants	2016-12-31	620,138
Balance at beginning of prior year after applicable adjustments	2016-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2016-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2016-12-31	0
Prefunding balanced used to offset prior years funding requirement	2016-12-31	0
Amount remaining of carryover balance	2016-12-31	0
Amount remaining of prefunding balance	2016-12-31	0
Present value of excess contributions	2016-12-31	121,617
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2016-12-31	128,306
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2016-12-31	0
Reductions in caryover balances due to elections or deemed elections	2016-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2016-12-31	0
Balance of carryovers at beginning of current year	2016-12-31	0
Balance of prefunding at beginning of current year	2016-12-31	0
Total employer contributions	2016-12-31	224,584
Total employee contributions	2016-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2016-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2016-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2016-12-31	205,043
Unpaid minimum required contributions for all prior years	2016-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2016-12-31	0
Remaining amount of unpaid minimum required contributions	2016-12-31	0
Minimum required contributions for current year target normal cost	2016-12-31	331,943
Net shortfall amortization installment of oustanding balance	2016-12-31	0
Waiver amortization installment	2016-12-31	0
Waived amount of outstanding balance	2016-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2016-12-31	204,981
Additional cash requirement	2016-12-31	204,981
Contributions allocatedtoward minimum required contributions for current year	2016-12-31	205,043
Unpaid minimum required contributions for current year	2016-12-31	0
Unpaid minimum required contributions for all years	2016-12-31	0

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